This was a low loan-to-value, loan on a tenanted property well-situated
in Cambridge, Ontario, that is slated for redevelopment into a 3-building,
44-unit stacked townhouse project. The loan is a relatively small one. The
the principal reason for advancing a loan of such a small proportion was to initiate
a relationship with the Borrower that would lead to a deal to provide
a larger construction loan when the project arrived at the point of having
that need. At the time of preparation of this webpage, that
time had not yet arrived.